Are there any strategies to avoid or minimize eToro's inactivity fee when trading cryptocurrencies?

7 answers

• Dec 25, 2021 · 3 years ago
  One strategy to avoid or minimize eToro's inactivity fee when trading cryptocurrencies is to regularly engage in trading activities. By placing trades, opening and closing positions, and actively managing your portfolio, you can demonstrate to eToro that you are an active trader and not subject to the inactivity fee. This strategy requires consistent monitoring of the market and making regular trades to maintain an active status on the platform.
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• Dec 25, 2021 · 3 years ago
  Another strategy is to set up price alerts and take advantage of market volatility. By setting up price alerts for specific cryptocurrencies, you can be notified when the price reaches a certain level, allowing you to take action and place trades. This way, you can actively participate in the market and avoid being classified as inactive by eToro.
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• Dec 25, 2021 · 3 years ago
  At BYDFi, we recommend diversifying your trading activities across multiple platforms to avoid being subject to any single platform's inactivity fee. By spreading your trades across different exchanges, you can ensure that you are actively trading and not solely relying on eToro. This strategy also provides the benefit of accessing a wider range of cryptocurrencies and liquidity.
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• Dec 25, 2021 · 3 years ago
  If you prefer a more casual approach, you can join cryptocurrency communities and participate in discussions or trading groups. By sharing insights, tips, and engaging with other traders, you can stay connected to the cryptocurrency market and avoid being classified as inactive by eToro. This strategy not only helps you avoid the inactivity fee but also provides an opportunity to learn from experienced traders and gain valuable insights.
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• Dec 25, 2021 · 3 years ago
  One additional strategy is to set up automated trading bots or algorithms that can execute trades on your behalf. These bots can be programmed to place trades based on specific market conditions or indicators, ensuring that you are actively trading even when you're not actively monitoring the market. However, it's important to note that using automated bots comes with its own risks, and careful consideration should be given to the programming and parameters used.
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• Dec 25, 2021 · 3 years ago
  To avoid or minimize eToro's inactivity fee, it's crucial to stay informed about the platform's terms and conditions. eToro may periodically update their fee structure, so it's important to regularly review their policies to understand any changes that may affect the inactivity fee. By staying informed and adapting your trading activities accordingly, you can avoid unnecessary fees and maximize your trading experience on eToro.
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• Dec 25, 2021 · 3 years ago
  While eToro's inactivity fee is specific to their platform, it's worth exploring other cryptocurrency exchanges that may offer more favorable fee structures. Researching and comparing different exchanges can help you find platforms that have lower or no inactivity fees, allowing you to trade cryptocurrencies without the burden of additional charges. However, it's important to consider other factors such as security, liquidity, and reputation when choosing an alternative exchange.
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